Which of the following account with normal balance is shown at the credit side of a trial balance?
AAccrued expenses account
BEquipment account
CBank account
D
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Correct answer
A. Accrued expenses account
Explanation
Accrued expenses account is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
C. $5000 will be credited
Explanation
$5000 will be credited is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
C. Sole-proprietorship
Explanation
Sole-proprietorship is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
C. Cash account
Explanation
Cash account is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
B. Assets
Explanation
Assets is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
A. Chronological order
Explanation
Chronological order is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
B. Ledger accounts balances
Explanation
Ledger accounts balances is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
A. Revenue
Explanation
Revenue is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
B. Obsolescence
Explanation
Obsolescence is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.
Correct answer
C. Decrease by $5000
Explanation
Decrease by $5000 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.